2022
Exports
$34.5MWorld Rnk 25 / 159
Flag Rnk 209 / 1197
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$33.1MWorld Rnk 37 / 209
Flag Rnk 408 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $34.5M in Electric Furnaces, making it the 25th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 209th most exported product in Norway. The main destination of Electric Furnaces exports from Norway are: China ($7.8M), United States ($5.7M), Germany ($3.73M), Sweden ($2.99M), and France ($2.6M).

The fastest growing export markets for Electric Furnaces of Norway between 2021 and 2022 were Germany ($961k), France ($913k), and Sweden ($711k).

Imports In 2022, Norway imported $33.1M in Electric Furnaces, becoming the 37th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 408th most imported product in Norway. Norway imports Electric Furnaces primarily from: Romania ($4.17M), India ($3.97M), Italy ($3.3M), Germany ($3.1M), and Sweden ($2.92M).

The fastest growing import markets in Electric Furnaces for Norway between 2021 and 2022 were United Kingdom ($1.47M), India ($1.4M), and South Korea ($1.35M).

COMPANIES In 2023, leading companies such as SMP Automotive (1) were at the forefront of shipping Electric Furnaces from Norway to the United States.

Latest Trends

May 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Furnaces. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$34.5M
IMPORTS (2022)$33.1M
NET TRADE (2022)$1.41M

In 2022, Norway exported $34.5M in Electric Furnaces. The main destinations of Norway exports on Electric Furnaces were China ($7.8M), United States ($5.7M), Germany ($3.73M), Sweden ($2.99M), and France ($2.6M).

In 2022, Norway imported $33.1M in Electric Furnaces, mainly from Romania ($4.17M), India ($3.97M), Italy ($3.3M), Germany ($3.1M), and Sweden ($2.92M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Germany$961k (34.7%)
France$913k (54.2%)
Sweden$711k (31.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Norway WERE (2021 - 2022):
Russia-$2.01M (-99.3%)
Canada-$812k (-86%)
Turkey-$656k (-63.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Norway's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.63M
TOP IMPORT POTENTIALGermany+ $1.58M

Electric Furnaces’s highest export potential is United States. With an export gap of $1.63M.   Electric Furnaces’s highest import potential is Germany with an import gap of $1.58M.

See methodology.

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